The CFTC has moved to dismiss Fundsz as a defendant from its Fundsz commodities fraud lawsuit.
The CFTC filed its motion on January 5th, stating;
The CFTC’s claims against the individual Defendants in this action are nearly resolved. Through this Motion, the CFTC now seeks to dismiss its claims in this case against Fundsz, the only other defendant.
Fundsz is an unincorporated association that consisted of a now defunct website-based platform.
No appearance or filings have been made on Fundsz’s behalf in this action, and it has not incurred any expenses defending itself or been burdened by prosecutorial delay.
All other Defendants in this action are either in default or do not object to Fundsz’s dismissal. The Receiver also does not object to Fundsz’s dismissal.
The CFTC’s first motion to dismiss Fundsz was
denied
in October 2025. The court granted the CFTC’s second motion to dismiss on January 6th, 2026.
Fundsz
was an MLM crypto Ponzi scheme launched by Rene Larralde (right) in 2020.
The CFTC
filed suit against Fundsz, Larralde, Alisha Kingrey and Brian Early
in July 2023.
Larralde died in late 2023, after which his daughter Rachel represented his estate in CFTC proceedings.
Larralde’s estate and defendant Juan Pablo Valcarce settled with the CFTC last year. Proceedings against defendants Kingrey and Early are ongoing.
🤖 Quick Answer
What action did the CFTC take regarding Fundsz in its commodities fraud lawsuit?On January 5th, the CFTC filed a motion to dismiss Fundsz as a defendant from its Fundsz commodities fraud lawsuit. Fundsz, an unincorporated association operating a now-defunct website-based platform, had made no appearance or filings in the case and incurred no defense expenses. All other defendants and the Receiver did not object to the dismissal.
Why did the CFTC seek to dismiss Fundsz from the case?
The CFTC stated that its claims against the individual defendants were nearly resolved. Since Fundsz was the only remaining non-individual defendant, had no legal representation in the proceedings, and had not been burdened by prosecutorial delay, the Commission determined that dismissal was procedurally appropriate and unopposed by all
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